Progressive Railroading

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


View Current Digital Issue »


RAIL EMPLOYMENT



Rail News Home Rail Industry Trends

4/2/2003



Rail News: Rail Industry Trends

LaBarge seeks buyer for remaining ScadaNet portion


advertisement

On March 31, LaBarge Inc. announced plans to divest the remainder of its ScadaNET Network™ remote equipment-monitoring business to
concentrate on core electronics manufacturing.


In November 2002, LaBarge sold the rail industry — and largest — portion of ScadaNET to GE Transportation Systems-Global Signaling L.L.C.


The remaining ScadaNET portion generates less than 1 percent of LaBarge's consolidated revenue.


"[We] intend to continue operating the ScadaNET Network business while seeking a suitable buyer," said LaBarge President and Chief Executive Officer Craig LaBarge in a prepared statement, adding that the company already has held preliminary discussions with a small number of prospective buyers.


ScadaNET is a wireless system designed to remotely monitor equipment scattered over large geographical areas.


Contact Progressive Railroading editorial staff.

More News from 4/2/2003